PROG Holdings

PROG Holdings, Inc. engages in the provision of lease-purchase solutions. It offers retail sale and lease ownership of furniture, home appliances, consumer electronics, and accessories through its franchised stores and e-commerce platform. PROG Holdings was founded in 1955 and is headquartered in Draper, UT.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PROG Holdings reports robust Q4 performance amidst economic challenges

PROG Holdings demonstrated strong performance in Q4 2022 with improved portfolio metrics and record e-commerce GMV.
While facing challenges in the operating environment, the company is focused on growth pillars and prudent financial management.
Opportunities lie in deeper integrations with retailers, monitoring credit trends, and enhancing partnerships for future growth.
Overall, PROG Holdings remains cautiously optimistic about the future and appreciative of team efforts in navigating challenges.

PROG Holdings beats Q1 earnings, eyes growth amid economic challenges

PROG Holdings reported strong financial performance in Q1 2023, exceeding earnings expectations.
The company faces challenges in the economic environment but is focused on profitability and technology investments.
Opportunities for growth lie in potential easing of inflationary pressures and strategies to drive sales for partners.
Overall, PROG Holdings is navigating challenges while leveraging strengths to capitalize on opportunities for future success.

PROG Holdings surpasses Q2 expectations, eyes growth opportunities ahead

PROG Holdings' Q2 performance exceeded expectations, driven by strong customer payment behavior and strategic initiatives to enhance e-commerce business. While facing challenges such as increased SG&A expenses and competition, the company is well-positioned to capitalize on opportunities like the normalization of the 90-day buyout trend. Overall, PROG Holdings remains optimistic about its growth trajectory and financial performance for the year.

PROG Holdings surpasses Q3 expectations amidst retail challenges and opportunities

PROG Holdings delivered strong Q3 results with higher revenues and adjusted EBITDA, despite challenges in Progressive Leasing's GMV and consumer relief programs.
The company's focus on growth funding, strategic M&A, and shareholder returns underscores its commitment to long-term value creation and financial stability.
Balancing optimism and caution in the macro environment, PROG Holdings aims to navigate uncertainties while maximizing opportunities for growth and operational efficiency.
With a solid operational performance and capital allocation priorities in place, the company remains well-positioned to address challenges and leverage opportunities for future success.

PROG Holdings reports resilient Q4 performance, eyes e-commerce growth

PROG Holdings navigated challenges in 2023 with strong operational performance and e-commerce growth. The company is focused on enhancing technology, expanding business development, and returning value to shareholders through dividends and share repurchases.

PROG Holdings (PRG) exceeds Q1 expectations, focuses on growth pillars

PROG Holdings (PRG) delivered strong Q1 performance with GMV rebound and EBITDA exceeding expectations.
Strategic focus on growth pillars, technology initiatives, and marketplace development positions the company for future success.
Challenges in negative comps and balancing profitability highlight areas for improvement and strategic focus.

PROG Holdings surpasses Q2 expectations, eyes growth through strategic initiatives

PROG Holdings delivered strong Q2 results driven by strategic pillars, exceeding expectations in GMV growth and revenue. Challenges include segment revenue decline and write-off rates. The company is focused on capitalizing on opportunities for growth through credit tightening benefits and strategic initiatives.

PROG Holdings exceeds Q3 expectations, poised for growth in 2025

PROG Holdings delivered strong Q3 results with GMV growth and revenue surpassing expectations.
The company's strategic focus on growth pillars and partnerships positions it well for future expansion.
Maintaining effective risk management and financial stability are key priorities for sustained growth.
Revised 2024 outlook shows positive momentum and opportunities for revenue expansion.

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PROG Holdings, Inc. engages in the provision of lease-purchase solutions. It offers retail sale and lease ownership of furniture, home appliances, consumer electronics, and accessories through its franchised stores and e-commerce platform. It operates through the following segments: Progressive Leasing, Vive, and Four. The Progressive segment offers lease-to-own ownership of durable goods. The Vive segment provides services to customers who may not qualify to purchase goods and services from merchants. The Four segment includes provision of credit backgrounds with Buy Now, Pay Later “BNPL”. The company was founded in 1955 and is headquartered in Draper, UT.

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, is scheduled to release financial results for the second quarter of 2022 on Wednesday, July 27, 2022, prior to market open. The company has scheduled a live webcast and conference call for Wednesday, July 27, 2022, at 8:30 A.M. ET to discuss its financial results for the second quarter of 2022. To access the live webcast, visit the company'

PROG Holdings, Inc. to Release Q2 2022 Financial Results on July 27, 2022

PROG Holdings, Inc. (NYSE: PRG) shares are trading lower after the company cut forward-year 2022 adjusted earnings-per-share and sales guidance below estimates. The company's revised consolidated annual outlook for 2022 is as follows cutting forward-year 2022 adjusted earnings-per-share.

Why Shares of PROG Holdings Set a New 52-Week Low Today

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today provided an estimate of several second quarter performance metrics as well as an update to its 2022 full year outlook. These estimates reflect a challenging operating environment as U.S. inflation levels, particularly in gas, food, and housing, create pressure on the Company's lease portfolio performance and GMV production. Since the

PROG Holdings Provides Second Quarter Update and Revised Full Year Outlook

PROG Holdings, Inc. (NYSE:PRG ) Q1 2022 Earnings Conference Call April 27, 2022 8:30 AM ET Company Participants John Baugh - Vice President, Investor Relations Steven Michaels - Chief Executive Officer Brian Garner - Chief Financial Officer Conference Call Participants Kyle Joseph - Jefferies Bobby Griffin - Raymond James Anthony Chukumba - Loop Capital Jason Haas - Bank of America Brad Thomas - KeyBanc Michael Young - Truist Carla Casella - J.P. Morgan Vincent Caintic - Stephens Operator 00:04 Good morning, and welcome to the PROG Holdings Inc. First Quarter 2022 Financial Results Conference Call.

PROG Holdings, Inc. (PRG) CEO Steven Michaels on Q1 2022 Results - Earnings Call Transcript

PROG Holdings (PRG) delivered earnings and revenue surprises of -22.97% and 1.51%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

PROG Holdings (PRG) Misses Q1 Earnings and Revenue Estimates

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced financial results for the first quarter ended March 31, 2022. "Our first quarter results were in line with our expectations, and we believe we remain on track to achieve our full-year outlook," said PROG Holdings President and CEO Steve Michaels. "We have thrived through any number of macroeconomic cycles over our more than

PROG Holdings Reports First Quarter 2022 Results

PROG Holdings (PRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: PROG Holdings (PRG) Q1 Earnings Expected to Decline

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced that Vin Thomas has been appointed by the Board of Directors to serve as the Company's General Counsel and Corporate Secretary. Mr. Thomas will be replacing Marvin Fentress, who will be retiring as General Counsel and Corporate Secretary effective as of May 31, 2022. “Vin is a seasoned lawyer with extensive general counsel e

PROG Holdings, Inc. Announces Appointment of Vin Thomas as General Counsel and Corporate Secretary

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, announces the release of its inaugural Environmental, Social, and Governance (ESG) Review, which provides updates, performance metrics, and other information on the Company's environmental sustainability, social responsibility, and corporate governance initiatives. The 2021 ESG Review, which comes following PROG Holdings' first full year as

PROG Holdings Issues Inaugural Environmental, Social, and Governance Review

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, is scheduled to release financial results for the first quarter of 2022 on Wednesday, April 27, 2022, prior to market open. The company has scheduled a live webcast and conference call for Wednesday, April 27, 2022, at 8:30 A.M. ET to discuss its financial results for the first quarter of 2022. To access the live webcast, visit the company'

PROG Holdings, Inc. to Release Q1 2022 Financial Results on April 27, 2022

PROG Holdings, Inc. to Release Q1 2022 Financial Results on April 27, 2021

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S&P Global

NEW YORK , March 30, 2022 /PRNewswire/ -- ESAB Corp. (NYSE: ESAB) will be added to the S&P MidCap 400 effective prior to the opening of trading on Tuesday, April 5. Effective prior to the opening of trading on Wednesday, April 6, S&P MidCap 400 constituent PROG Holdings Inc. (NYSE: PRG) will replace Fiesta Restaurant Group Inc. (NASD: FRGI) in the S&P SmallCap 600.

ESAB Set to Join S&P MidCap 400; PROG Holdings to Join S&P SmallCap 600

PROG Holdings Inc. ( PRG , Financial) is a subprime lender which specializes in enabling consumers to make purchases of items from retailers they cannot afford to pay for immediately. It uses its proprietary process to evaluate and extend credit.

PROG Holdings: This Subprime Lender Is Cheap but Risky

SALT LAKE CITY--(BUSINESS WIRE)--Progressive Leasing, a leading provider of e-commerce, app-based, and in-store lease-to-own solutions, announces a partnership with Nationwide Marketing Group, North America's leading buying, marketing and operational support organization for independent retailers in the major appliances, consumer electronics, furniture, bedding, home theater, and outdoor industries. The partnership offers thousands of retailers in Nationwide's independent merchant network membe

Progressive Leasing's Flexible Lease-to-Own Options Available to Thousands of Nationwide Marketing Group Members

PROG Holdings, Inc. (PRG) CEO Steve Michaels on Q4 2021 Results - Earnings Call Transcript

PROG Holdings (PRG) delivered earnings and revenue surprises of -2.90% and 2.31%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

PROG Holdings (PRG) Q4 Earnings and Revenues Miss Estimates

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced financial results for the fourth quarter ended December 31, 2021. "We closed out 2021 with a strong fourth quarter of GMV performance driven by continued growth in our e-commerce channel and with our larger retail partners," said Steve Michaels, President and Chief Executive Officer of PROG Holdings. "In addition, the signif

PROG Holdings Reports Fourth Quarter 2021 Results

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, a leading provider of in-store and e-commerce lease-to-own solutions, and Vive Financial, a provider of omnichannel second-look revolving credit solutions, is scheduled to release financial results for Q4 and FY 2021 on Wednesday, February 23, 2022, prior to market open. The company has scheduled a live webcast and conference call for Wednesday, February 23, 2022, at 8:30 A.M. E

PROG Holdings, Inc. to Release 2021 Q4 and Full-Year Financial Results on February 23, 2022

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the final results of its “modified Dutch auction” tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on December 3, 2021. In accordance with the terms and conditions of the tender offer and based on the final count by Computershare Trust Company, N.A., the depositary for the t

PROG Holdings, Inc. Announces Final Results of Tender Offer

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today commented on the preliminary results of its “modified Dutch auction” tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on December 3, 2021. Based on the preliminary count by the Company's depositary agent, the Company expects to purchase approximately 13.2% of its outstanding shares at

PROG Holdings, Inc. Comments on Tender Offer Results; Reaffirms Capital Allocation Framework

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the expiration and preliminary results of its “modified Dutch auction” tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on December 3, 2021. Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 10,766,408 shares

PROG Holdings, Inc. Announces Expiration and Preliminary Results of Tender Offer

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the completion of its previously announced offering of $600 million in aggregate principal amount of its 6.00% senior unsecured notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Secur

PROG Holdings, Inc. Announces Closing of Senior Unsecured Notes Offering and Satisfaction of Tender Offer Financing Condition

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the pricing of its previously announced offering of $600 million in aggregate principal amount of its 6.00% senior unsecured notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securiti

PROG Holdings, Inc. Announces Pricing of Senior Unsecured Notes Offering

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced that, subject to market and other conditions, it intends to offer $600 million in aggregate principal amount of its senior unsecured notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “

PROG Holdings, Inc. Announces Offering of $600 Million of Senior Unsecured Notes

PROG Holdings, Inc. (PRG) CEO Steve Michaels on Q3 2021 Results - Earnings Call Transcript

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